I rated the VanEck Semiconductor ETF (SMH) as a HOLD in my last analysis on this ETF. More specifically, back in Dec 2024, I published an article entitled “SMH Is Now Consolidating (Technical Analysis ...
I am initiating coverage of the iShares Semiconductor ETF with a Strong Sell rating due to its rapid 2026 run-up and stretched valuations. SOXX trades at a forward P/E of ~42x and a trailing P/E of 76 ...